... Yet, there will undoubtedly be economic pain for both sides in this war, which is already claiming the first collateral victims—U.S. shale, Canada’s oil industry, and the UK’s offshore oil and gas sector.
It’s now a game between Saudi Arabia and Russia of who will blink first, and in this game, the Saudis seem to have overestimated their fiscal buffers and underestimated the coronavirus-hit enormous demand destruction.
Makes the list of significant shareholders as follows: Knowe Properties Limited 10.00% Rupert Labrum 6.62% JDA Consulting Limited 4.97% Jonathan Tidswell-Pretorius 4.49% Total: 26.08%
... nobody in the right mind believes anything this BOD say anymore. -------------------------------- Not all of those on this board who, unlike yourself, are invested in ANGS have been sectioned, YL.
"Whilst UKOG's primary focus will remain on maintaining continued long-term stable and profitable oil production at Horse Hill, our efforts will also continue with those actions necessary to ensure that both the Arreton oil and Loxley gas appraisal projects move forwards as swiftly as the current UK situation permits."
... On Thursday, Trump said he could intervene in an oil-price war between Russia and Saudi Arabia that has left U.S. oil drillers reeling. The time to do so is now. Not by slapping trade barriers on their oil, but by using his deal-making skills to bring them together to agree a united response that includes America and the rest of the world...
I hereby appoint you, YL, as my agent to negotiate the best terms for my services as, in your words, a "paid Anguish cheerleader", given your evident expertise in the field.
Not read the article, but Citywire noted this as a top story from the FT:
Opec has approached Texas state energy regulator and US shale producers about co-ordinated cuts to oil output to counter the impact of the spread of coronavirus on fuel demand.
Not read the article, but Citywire noted this as a top story from the FT:
Opec has approached Texas state energy regulator and US shale producers about co-ordinated cuts to oil output to counter the impact of the spread of coronavirus on fuel demand.